$298,000
●
House -
Off Market
419 Pala Street
Ramona, CA 92065
4 Beds
2 Baths
1,440 Ft²
$554,377
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model
About This Property
Needs TLC but excellent opportunity. No repairs will be
completed by seller or lender. Cash, conventional or may qualify
for a FHA203K loan. Garage has been converted to a duplex
unit without permits. 3 bed 2 bath ready to upgrade. Large back
patio. Close to shopping and restaurants. Come and see.
Neighborhoods: Ramona Equipment: Range/Oven, Shed(s) Other
Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,440 Ft²
Days on Market
274 days
Land Size
-
Price per sqft
$229
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #160015313)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2024 | No longer available | - | |
| No longer available | |||
| Dec 22, 2023 | In contract | - | |
| In contract | |||
| Dec 19, 2023 | Relisted | $659,000 | |
| Relisted | |||
| Dec 18, 2023 | In contract | - | |
| In contract | |||
| Nov 30, 2023 | Listed by Redfin Corporation | $659,000 | |
| Listed by Redfin Corporation | |||
| | |||
|
Welcome to this updated single-family residence with SOLAR that seamlessly combines comfort and style. Upon entering, discover an inviting open concept layout, where the living room welcomes you with the warmth of a fireplace, creating a cozy ambiance for gatherings with family and friends. This home boasts stylish laminate flooring, new carpet in bedrooms, and fresh interior paint that enhances the bright and airy atmosphere, creating a canvas for your personal touch and style. The manager has listed the unit size as 1593 square feet.
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ramona
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Listed by: Jon Erro, eXp Realty of California Inc
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160015313
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160015313
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